Question
I am working on consulting a business which is my project: here are some information about the company. I need swot analysis for this information
I am working on consulting a business which is my project: here are some information about the company.
I need swot analysis for this information given below.
- Store Location Riches Kitchen is situated in a weekend market hence the operating hour is limited.
- No established work process flow from procurement to operations.
- Riches Kitchen is struggling to find a niche in London's diverse food market for future growth.
- No operational system that supports the company's day-to-day operations such as point of sale (POS), accounting and inventory. The manual operation currently in place is tedious and prone to human error.
- Longer turnaround time on orders due to limited space. This negatively impacts customer satisfaction and discourages repeat customers.
- Limited financial capacity to expand business operations poses challenges, including overhead expenses and new product launches.
- Lack of marketing strategy such as selling frozen food without customer awareness.
- Addressing how to adapt menus and inventory to seasonal ingredient fluctuations in Chinese cuisine.
- Kitchen equipment is not enough to accommodate all customer orders simultaneously, especially during peak hours.
- Inadequate staff training and zero work experience in the food industry.
- Underutilized staff during kitchen downtime.
- Limited product supply as only Mike knows how to make the secret ingredients for the food
From this I came up with 3 Key issues that the company has which is
a. Limited financial capability to expand business operation
b. operations.
QESTION 1
I need a realistic solution for how they can increase their 1. financial capability and 2. operation
QUESTION 2
For the solutions provided for financial capability to increase their revenue and 2. operation
explain it by backing it up with the following 5 decision criteria
1. cost of implementation
2. Time of implementation
3. Ease of implementation
4. Project return on investment
5. Customers Satisfaction
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